Flowtech Fluidpower Secures €4.5 Million Contract for Rice Bridge Upgrade

Flowtech Fluidpower ( (GB:FLO) ) has issued an announcement.

Flowtech Fluidpower has secured a €4.5 million contract to upgrade the Rice Bridge in Waterford City, Ireland. The project, which involves updating the bridge’s outdated mechanical and electrical systems, is crucial for maintaining the infrastructure that supports local commerce and transportation networks. The work will span over 15 months, with an additional 12 months for addressing any issues, and is funded under the Strategic Grant category aimed at improving local and regional roads.

Spark’s Take on GB:FLO Stock

According to Spark, TipRanks’ AI Analyst, GB:FLO is a Neutral.

Flowtech Fluidpower’s overall stock score reflects significant financial challenges, particularly in profitability and revenue trends. Despite these challenges, strategic acquisitions have the potential to enhance market reach and profitability. Technical indicators show positive momentum, offering some short-term bullish potential. The negative valuation is concerning but partially offset by a reasonable dividend yield.

To see Spark’s full report on GB:FLO stock, click here.

More about Flowtech Fluidpower

Flowtech Fluidpower is a company specializing in the design and repair of mechanical, electrical, instrumentation, control, and automation systems, primarily focusing on infrastructure projects such as bridges.

Average Trading Volume: 111,819

Technical Sentiment Signal: Sell

Current Market Cap: £38.67M

For a thorough assessment of FLO stock, go to TipRanks’ Stock Analysis page.